Qatar's QNB Group records USD1.8pct increase in H1 revenues
(MENAFN) QNB Group, the giant fiscal institution in the MENA region, recorded revenue of USD1.8bn for the six months ended June 30, up by 7 percent.
Moreover, whole assets reached USD211bn, up by 11 percent from June 2016, the highest achieved by the group.
In addition, the group was successful in attracting new customer deposits, which resulted in increased customer funding by 15 percent to USD154mn.
Meanwhile, it was also able to keep the ratio of non-performing loans to gross loans at 1.8 percent, a level considered one of the lowest amid fiscal institutional in the region.
Moreover, whole assets reached USD211bn, up by 11 percent from June 2016, the highest achieved by the group.
In addition, the group was successful in attracting new customer deposits, which resulted in increased customer funding by 15 percent to USD154mn.
Meanwhile, it was also able to keep the ratio of non-performing loans to gross loans at 1.8 percent, a level considered one of the lowest amid fiscal institutional in the region.
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